Views: 49 Author: Site Editor Publish Time: 2022-12-15 Origin: https://www.costaricapages.com/combine-harvester-market-size-overview-share-trends-demand-research-and-forecast-2022-2030/
In a recently published competitive intelligence report, Astute Analytica predicted that the market for combine harvesters would grow at a 3.9% CAGR from 2022 to 2030, with a potential opportunity of US$17,138 Mn and reaching US$64,940 Mn by 2030.
The top five manufacturers in the world's market for combine harvesters collectively control more than 71% of it, making it an oligopolistic industry. KS Group, John Deere, Kubota Corporation, Massey Ferguson, Weichai Lovol Heavy Industry Co., Ltd., YANMAR Co., Ltd., Mahindra & Mahindra Ltd., and others are some of the leading businesses in the market.
To keep ahead of the competition, market participants are implementing tactics such product launches, collaborations, acquisitions, the introduction of new technology, and a variety of cutting-edge agricultural solutions.
Despite overall November sales declines, combine harvesters and 4WD tractors rise.
According to the most recent statistics from the Association of Equipment Manufacturers, sales of combine harvesters continue to be positive, joined by 4WD machines for both the American and Canadian markets, although overall tractors declined in both nations.
Small tractor sales, which were expanding at an unheard-of rate during the epidemic, are to blame for the overall decline in numbers, even while bigger ag-focused equipment sales are still doing well. The efficiency and output improvements in modern row-crop tractors and harvesters, though, make it clear why those markets are expected to rise.
